# The Political Costs of Austerity - Data

Folder [Data](https://github.com/RicardoGabriel/The-Political-Costs-of-Austerity/tree/main/Data) has three subfolders:

	1. Eurostat - with information on the NUTS 2 areas.

	2. Algan - with information on the "Government Trust" variable that originally comes from Eurobarometer and is aggregated to the Nuts 2 level by Algan, Guriev, Papaioannou, and Passari (2017). If you use this information, please acknowledge this source.

	3. Out - with the final dataset used for the main analysis with all aggregated elections (Data_Final_nuts2) but also aggregated for the three different types of elections (European, National, and Regional). Data for 126 NUTS2 regions (8 countries) and 36 years (1980-2015). We include more information than the one used in the paper both about the elections and about the real variables according to the following descriptions:

	3.1 Out\Elections -  here we have only the election data. It is aggregated at the year-regional level which adds the number of votes in case there was more than one election in a given year (Data_Elections). But it can also be found disaggregated by type of election (European, National, and Regional). More information about the election types, assumptions, and data sources can be found in the paper's appendix.

	3.2 Out\Real - here we have all the real data. Excel file "Alesina" comes from the work by Alesina, Favero, and Giavazzi (2020) on which we add one excel sheet performing different types of aggregation that are the basis of our shift part of the instrument. "Data_IMFShocks_Klein" comes from Guajardo et al. (2014) series which was updated by Klein (2017). "Data_Real" comes from our previous work Gabriel, Klein, and Pessoa (2023) that mostly collects data from ARDECO, Eurostat, Cambridge Econometrics, and OECD. Finally, Data_Analysis_Nuts0-2 aggregates some of this information to the National, Nuts1, and Nuts2 level. If you use this information, please acknowledge these sources.


References:

Alesina, A., C. Favero, and F. Giavazzi (2020). Austerity: When it Works and when it Doesn’t.
Princeton University Press. Link: https://igier.unibocconi.eu/research/datasets/fiscal-adjustment-plans/database-fiscal-adjustment-plans

Algan, Y., S. Guriev, E. Papaioannou, and E. Passari (2017). The european trust crisis and the rise of populism. Brookings Papers on Economic Activity 2017(2), 309–400.

Gabriel, R. D., M. Klein, and A. S. Pessoa (2023). The Effects of Government Spending in the Eurozone. Journal of the European Economic Association 21(4), 1397–1427.

Guajardo, J., D. Leigh, and A. Pescatori (2014). Expansionary austerity? International evidence. Journal of the European Economic Association 12(4), 949–968.

Klein, M. (2017). Austerity and private debt. Journal of Money, Credit and Banking 49(7), 1555–1585.